Economics at your fingertips  

Trade policy uncertainty and corporate innovation evidence from Chinese listed firms in new energy vehicle industry

Huayu Shen and Fei Hou

Energy Economics, 2021, vol. 97, issue C

Abstract: Using a sample of Chinese listed firms in new energy vehicle industry over the period of 2007 to 2018, we examine the impact of trade policy uncertainty on corporate innovation. We find that uncertainty concerning trade policy is positively associated with more R&D and patents. Moreover, government subsidy and managerial ownership mitigate the strength of the relation between trade policy uncertainty and corporate innovation. Our conclusions are robust to a variety of sensitivity tests and we use two-stage least squares (2SLS) instrumental variable approach to address the potential endogeneity concerns.

Keywords: Trade policy uncertainty; New energy vehicle industry; Government subsidy; Managerial ownership, corporate innovation (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/j.eneco.2021.105217

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2021-07-10
Handle: RePEc:eee:eneeco:v:97:y:2021:i:c:s0140988321001225